Gone is the talk of separating money and state, of a market-based means of exchange, of genuine revolution that would extend from money to the whole of politics the world over. And gone is the talk of changing the operation of money as a means of changing the prospects for freedom itself. The enthusiasts around Bitcoin have different goals in mind.

As a humble and simple observer of Bitcoin and one who has still many things to learn and understand on this matter, I think there is a big merit to this analysis, much more in 2024 compared to many years preceding. Right now, Bitcoin is officially recognized by the traditional financial sector as an asset - just like gold, stooks or forex - that can be bought, traded and made a good profits from. Many people are associating the value of Bitcoin with its ups and downs on the price and not so much of the things that can benefit the people and the society. I would fairly say that greed is now the moving factor with most of the people involved with Bitcoin and I would also say that it would be this can be true for years to come.

Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls. BlackRock's IBIT had its first-ever day of outflows, with $36.9 million exiting the fund. Fidelity's FBTC led outflows, shedding $191 million, followed by GBTC, ARKB and IBIT.
Fed Chair Powell ruled out a rate hike as the next move, catalyzing a brief bounce in BTC.

Investors dumped U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest pace ever on Wednesday, even as Federal Reserve (Fed) chairman Jerome Powell dismissed the prospect of a rate hike.
The 11 ETFs saw a cumulative net outflow of $563.7 million, the largest since the funds began trading on January 11, extending a five-day losing streak, according to data source Farside Investors and CoinGlass. Investors have pulled out nearly $1.2 billion from the ETFs since April 24. Also notable Wednesday were the first-ever outflows from BlackRock's iShares Bitcoin Trust (IBIT), which saw $36.9 million exiting the fund.

This is taken from here: https://www.coindesk.com/markets/2024/05/02/us-bitcoin-etfs-bleed-record-563m-even-as-feds-powell-rules-out-rate-hike/

I am hoping OP will put an attribute of the material so no one will be accused of plagiarism which is important issue on this forum.

This topic has been moved to Cryptocurrency discussions.

https://www.altcoinstalks.com/index.php?topic=320951.0

Not only on Twitter, wherever airdrops originate it needs to be vigilant and don't carelessly connect wallets. Make sure everything is safe and see how others recommend before working on it.

Safety is always of paramount concern in whatever we do while in the world and market of cryptocurrency most especially if it involves connecting to our wallets. Sad to see many scammers are using airdrop technique to lure people to share their wallets opening the possibility of draining the insides of our wallets if we allow them. This actually happened to me once and the feeling is not really so nice, to say the least. In Twitter, I always encounter so many airdrop promotions and we can never be sure which can be legit and which are just fishing expedition to get into us...there are even those who DM me telling me that I won $5000 but I need to pay a processing or transfer fee of at least $40...of course this is surely just another scam and I am already old enough to know how to detect them. The cryptocurrency currency industry has been infested with scams and frauds in different forms and types and in fact many people are turned off getting into the market all because of these black eyes and it is unfortunate there is nothing concrete we can do to stop these perpetrators except avoiding not to be their next victim and warning others about them.

Any company based and doing business in the United States must never allow transactions to proceed with people of countries under economic sanctions otherwise sooner or later there will be government agencies to go after it. I am a little bit surprised that it took a whistleblower to open the Pandora's box for Block Inc. Let's see how the government will be handling this case and if there will be some personalities that can be getting some prison terms or will there will be a huge fine to be imposed on the payment company. Block is not operating here in my country so am not so familiar with this platform but I see that this came into popularity all because of Jack Dorsey, a well-known cryptocurrency supporter and was associated a lot with the former Twitter (now X under Elon Musk). I guess 2024 will also be a year where cases are filed against crypto-related platforms for various forms of violations...am hoping the same will not be true in 2025.

...if we are in this kind of situation where the electricity is still on like its normal situation still and internet is accessible, wouldn't it make sense for the warlords to accept BTC and other crypto?

I am going to see where I can watch this supposedly good movie According to Wikipedia: "Civil War is a 2024 dystopian war film written and directed by Alex Garland. It follows a team of journalists traveling across the United States during a civil war fought between an authoritarian federal government and several regional factions." Now, to answer your question, I think the producers and writers of the said movie have never thought of cryptocurrency and that is why they opted for Canadian Dollar. We have to remember that in case there can be a nationwide civil war, the government will not be functional well and central banking can be collapsing so fiat money can be worthless. In case, there can still be electricity (solar option can surely be available unless there is already a nuclear war) and the internet, then money can be Bitcoin and the rest of the crypto gang and there can be some that will introduce war memecoins. Of course, all of these things are just speculative ideas as nobody can be sure of what can happen in case we can experience a big civil war disruption. Let's hope we can never have the bitter taste of a civil war in our lifetime.

Also wondering how many of you invested in memecoins last time? Or did you quit too soon? 

I am not into memecoins and all because for me this has become like a gambling type of projects. Most memecoins are not solid and in fact they will only think of their utility cases after they achieve some level of popularity. However, that is in fact the very nature of memecoins...they are here for some people to make some money and people behind any memecoin will be gone when they see that the project is going nowhere. I can see that these days, it would not be easy to start a memecoin and I think you just need some minimal capital for this enterprise and then use some hypes to reach out to as many investing people as possible. I read somewhere that 99% of new memecoins will naturally die within their first 3 weeks of existence...am not sure if that is true but the point is that they can be liken to mushroom that will sprout abundantly and then will be gone soon after. And we have to be careful in choosing what memecoins to support, if one is really so attractive to this option and then pray that they would pole-vault x100 as soon as possible otherwise one can just be wondering what happened.

After China banned cryptocurrency years ago, I think we can be facing the same development in Russia which is supposedly a good market for cryptocurrency but because the government in Kremlin is not so friendly with it there had been some skirmishes against the industry players based in Russia and now this news that restriction will finally be imposed except digital financial assets issued in Russian jurisdiction starting in September 2024.

"Russia will enforce a strict ban on the general circulation of crypto assets such as Bitcoin, allowing only digital financial assets issued within its jurisdiction. This initiative, led by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, is part of a broader governmental effort to control the crypto ecosystem amid rising geopolitical tensions.
Aksakov stated that the forthcoming legislation aims to restrict non-Russian crypto operations to reinforce the ruble’s dominance."

Read more here: https://cryptobriefing.com/russia-crypto-ban-reinforce-ruble/

Though this is truly sad news, I would say that this development will not anymore have any impact with cryptocurrency in general as I think the market has had already discounted Russia and China years ago. Do you agree with me?